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At this moment, on Coinbase, you can instantly sell approximately 1000 BTC for $9.91M - about 4% under the mid market price against what is on the book. Assumi
by jaycroft 7y ago
At this moment, on Coinbase, you can instantly sell approximately 1000 BTC for $9.91M - about 4% under the mid market price against what is on the book. Assuming you are a US person (since you want to move the money to a US bank) and have no problem complying with their KYC policies, you should be able to get the money a day or two if you chose to accept a wire instead of an ACH. Just for comparison, for ACH in particular since you mention it, most traditional trading institutions (etrade, schwab, ameritrade) limit your ACH transfers to 250k/day - coinbase does as well last I checked. So you'd get your money about 10x as fast as if you tried to do it via ACH. Wires are typically unlimited.
Snapshot of live book depth at time of posting: https://imgur.com/a/rhi7ZKL https://imgur.com/a/rhi7ZKL
Taken from here, look for "view exchange": https://pro.coinbase.com/trade/BTC-USD https://pro.coinbase.com/trade/BTC-USD
- jjeaff 7y agoCoinbase has a $10k per day withdrawal limit. You have to contact them to get more. They don't specify how difficult or time consuming that process is.
- spookthesunset 7y agoIn other words, it is not possible.
- gunshai 7y agoIt seriously isn't that difficult to get this limit increased. Speaking as someone who watched a buddy go through this process it took him ~2 days to get his limit increased to the millions for a wire transfer.
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